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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Salem at 1553 Ammon St NW, Salem, OR, 97304 priced at $589,000 converts $3,450/mo rent into after a $2,883/mo obligation. Total monthly income equals $3,450/mo. Return on cash invested prints 19.41% in year one, and rental yield reads 7.03% against a $589,000 entry. Equity gained on principal adds $3,801/yr, while 5% annual appreciation compiles into $162,730 by year five. Five-year ROI reaches 99.92% and total cumulative return in cash sums $193,634. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,450/mo property income covering a $2,883/mo payment, not borrower’s personal income.
Single Family
Built in 1997
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 97304, Salem, OR area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,298 (100%) |
| Owner Occupied HU | 9,012 (63.0%) |
| Renter Occupied HU | 4,744 (33.2%) |
| Vacant Housing Units | 542 ( 3.8%) |
| Median Home Value | $502,291 |
| Average Home Value | $545,006 |
Residential
13,298
Single Family
12,487
Multi-Family
811
Businesses
616
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: KAREN PETERS • Sundance Realty Llc
Mls Name: WVMLS
Mls ID: #832946
